Sun 26 Sep 2010 07:52 AM
Abdullah Issa Al Dabbagh
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Abdullah Issa Al Dabbagh

Industry: Culture & Society

Designation: Appropriately for the boss of a firm with a burgeoning gold business, Dr Abdullah Issa Al Dabbagh seems to have the Midas touch as he goes from strength to gold-plated strength.

Country: Saudi Arabia

Occupation: Appropriately for the boss of a firm with a burgeoning gold business, Dr Abdullah Issa Al Dabbagh seems to have the Midas touch as he goes from strength to gold-plated strength.

$13,336

Saudi Arabian Mining Co (Maaden)

Saudi Arabia

Appropriately for the boss of a firm with a burgeoning gold business, Dr Abdullah Issa Al Dabbagh seems to have the Midas touch as he goes from strength to gold-plated strength.

His company has posted healthy returns in the face of the global recession, with his 1,037 staff generating $13,336 each in first half net profits.

Maaden is currently pushing its gold business and its focus is paying off. Net profit last year rose 99 percent, while in the first half of 2010 Maaden did even better. Net profits were up 336 percent to $13.83m.